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Print - 2018-10-29
Republic Day celebrations: Trump turns down Indian invitation

Republic Day celebrations: Trump turns down Indian invitation

US President Donald Trump has turned down the Indian invitation to be the chief guest at the Republic Day celebrations to be held on January 26 next year, Aaj News reported on Saturday. The formal letter from US has reached Indian Prime Minister Narendra
Published 29 Oct, 2018 12:00am
Brazil votes, with far-right candidate favourite

Brazil votes, with far-right candidate favourite

Brazilians cast ballots Sunday in a divisive presidential runoff election whose frontrunner, far-right former army captain Jair Bolsonaro, is vowing to rescue the country from crisis with a firm grip. Bolsonaro - who has tapped deep anti-establishment ang
Published 29 Oct, 2018 12:00am
Brazil votes, with far-right candidate favourite

Brazil votes, with far-right candidate favourite

Brazilians cast ballots Sunday in a divisive presidential runoff election whose frontrunner, far-right former army captain Jair Bolsonaro, is vowing to rescue the country from crisis with a firm grip. Bolsonaro - who has tapped deep anti-establishment ang
Published 29 Oct, 2018 12:00am
UK preparing 'buffers' for no-deal Brexit: minister

UK preparing 'buffers' for no-deal Brexit: minister

Britain's finance minister pledged Sunday that "fiscal buffers" would be in place to deal with the potential chaos of the country crashing out of the European Union without a deal in March. Philip Hammond was speaking ahead of his speech in parliament Mon
Published 29 Oct, 2018 12:00am
UK preparing 'buffers' for no-deal Brexit: minister

UK preparing 'buffers' for no-deal Brexit: minister

Britain's finance minister pledged Sunday that "fiscal buffers" would be in place to deal with the potential chaos of the country crashing out of the European Union without a deal in March. Philip Hammond was speaking ahead of his speech in parliament Mon
Published 29 Oct, 2018 12:00am
Power generation: Nepra considers alternate resources

Power generation: Nepra considers alternate resources

National Electric Power Regulatory Authority (Nepra) has observed that the existing energy mix of the country is heavily skewed towards thermal power plants, mainly operating on imported fossil fuel. The regulator gave these remarks while granting generat
Published 29 Oct, 2018 12:00am
Power generation: Nepra considers alternate resources

Power generation: Nepra considers alternate resources

National Electric Power Regulatory Authority (Nepra) has observed that the existing energy mix of the country is heavily skewed towards thermal power plants, mainly operating on imported fossil fuel. The regulator gave these remarks while granting generat
Published 29 Oct, 2018 12:00am
Power generation: Nepra considers alternate resources

Power generation: Nepra considers alternate resources

National Electric Power Regulatory Authority (Nepra) has observed that the existing energy mix of the country is heavily skewed towards thermal power plants, mainly operating on imported fossil fuel. The regulator gave these remarks while granting generat
Published 29 Oct, 2018 12:00am
Oman not a mediator between Palestine and Israel: FM Alawi

Oman not a mediator between Palestine and Israel: FM Alawi

Oman's Foreign Minister Yousuf bin Alawi made it clear that his country is offering ideas to help Israel and the Palestinians to come together but is not acting as mediator. Speaking at the 14th IISS Manama Dialogue regional security summit in Bahrain, Al
Published 29 Oct, 2018 12:00am
Oman not a mediator between Palestine and Israel: FM Alawi

Oman not a mediator between Palestine and Israel: FM Alawi

Oman's Foreign Minister Yousuf bin Alawi made it clear that his country is offering ideas to help Israel and the Palestinians to come together but is not acting as mediator. Speaking at the 14th IISS Manama Dialogue regional security summit in Bahrain, Al
Published 29 Oct, 2018 12:00am
In first, Israeli anthem plays in Abu Dhabi after judo gold

In first, Israeli anthem plays in Abu Dhabi after judo gold

Israel's national anthem was played at a judo tournament in Abu Dhabi on Sunday after one of its athletes won gold in what was thought to be a first in the Gulf emirate. The playing of the national anthem and Israeli Sports Minister Miri Regev's attendanc
Published 29 Oct, 2018 12:00am
In first, Israeli anthem plays in Abu Dhabi after judo gold

In first, Israeli anthem plays in Abu Dhabi after judo gold

Israel's national anthem was played at a judo tournament in Abu Dhabi on Sunday after one of its athletes won gold in what was thought to be a first in the Gulf emirate. The playing of the national anthem and Israeli Sports Minister Miri Regev's attendanc
Published 29 Oct, 2018 12:00am
Synagogue gunman spoke of 'genocide and desire to kill Jews'

Synagogue gunman spoke of 'genocide and desire to kill Jews'

The Pittsburgh synagogue gunman spoke of "genocide and his desire to kill Jewish people" during his attack, authorities said Sunday, as they identified his 11 victims and worked to console the living. Forty-six-year old suspect Robert Bowers, who was take
Published 29 Oct, 2018 12:00am
Synagogue gunman spoke of 'genocide and desire to kill Jews'

Synagogue gunman spoke of 'genocide and desire to kill Jews'

The Pittsburgh synagogue gunman spoke of "genocide and his desire to kill Jewish people" during his attack, authorities said Sunday, as they identified his 11 victims and worked to console the living. Forty-six-year old suspect Robert Bowers, who was take
Published 29 Oct, 2018 12:00am
Nawaz shows ambivalence about APC?

Nawaz shows ambivalence about APC?

Jamiat Ulema-e-Islam Chief Maulana Fazlur Rehman met former Prime Minister Nawaz Sharif here on Sunday for two hours at his Jati Umra residence to convince him to participate in a multi-party opposition conference on 31st October, but he remained "non com
Published 29 Oct, 2018 12:00am
Nawaz shows ambivalence about APC?

Nawaz shows ambivalence about APC?

Jamiat Ulema-e-Islam Chief Maulana Fazlur Rehman met former Prime Minister Nawaz Sharif here on Sunday for two hours at his Jati Umra residence to convince him to participate in a multi-party opposition conference on 31st October, but he remained "non com
Published 29 Oct, 2018 12:00am
Hackers attack Pakistani bank''s database

Hackers attack Pakistani bank''s database

In the biggest heist of Pakistan''s history, reportedly, hackers have defrauded 5 to 6 million dollars from customers'' account of a Pakistani bank attacking its database, sources said. Sources told Business Recorder on Sunday that after security b
Published 29 Oct, 2018 12:00am
Hackers attack Pakistani bank's database

Hackers attack Pakistani bank's database

In the biggest heist of Pakistan's history, reportedly, hackers have defrauded 5 to 6 million dollars from customers' account of a Pakistani bank attacking its database, sources said. Sources told Business Recorder on Sunday that after security bre
Published 29 Oct, 2018 12:00am
Hackers attack Pakistani bank's database

Hackers attack Pakistani bank's database

In the biggest heist of Pakistan's history, reportedly, hackers have defrauded 5 to 6 million dollars from customers' account of a Pakistani bank attacking its database, sources said. Sources told Business Recorder on Sunday that after security bre
Published 29 Oct, 2018 12:00am
Futures spread up by 1060 basis points

Futures spread up by 1060 basis points

The futures spread increased by 1060bps to 4.22 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily turnover increased by 138.4 percent to 164.07 million shares. The average daily
Published 29 Oct, 2018 12:00am
Futures spread up by 1060 basis points

Futures spread up by 1060 basis points

The futures spread increased by 1060bps to 4.22 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily turnover increased by 138.4 percent to 164.07 million shares. The average daily
Published 29 Oct, 2018 12:00am
Bulls again on driving seat

Bulls again on driving seat

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 26, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 262.5 points on week-on-week basis to close at 4,312.16 points. Average daily volumes stood
Published 29 Oct, 2018 12:00am
Bulls again on driving seat

Bulls again on driving seat

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 26, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 262.5 points on week-on-week basis to close at 4,312.16 points. Average daily volumes stood
Published 29 Oct, 2018 12:00am
Bulls again on driving seat

Bulls again on driving seat

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 26, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 262.5 points on week-on-week basis to close at 4,312.16 points. Average daily volumes stood
Published 29 Oct, 2018 12:00am
Iran starts oil sales to private exporters to beat US sanctions
Currency

Iran starts oil sales to private exporters to beat US sanctions

Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to stop the country''s key crude exports, the oil ministry''s news website SHANA reported. Crude
Published 29 Oct, 2018 12:00am
Iran starts oil sales to private exporters to beat US sanctions
Currency

Iran starts oil sales to private exporters to beat US sanctions

Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to stop the country's key crude exports, the oil ministry's news website SHANA reported. Crude oi
Published 29 Oct, 2018 12:00am
Iran starts oil sales to private exporters to beat US sanctions
Currency

Iran starts oil sales to private exporters to beat US sanctions

Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to stop the country's key crude exports, the oil ministry's news website SHANA reported. Crude oi
Published 29 Oct, 2018 12:00am
Chinese keenly await PM Khan's arrival

Chinese keenly await PM Khan's arrival

Prime Minister's Office (PMO) has reportedly approved four Chinese Ministers/businesspersons for meeting with Prime Minister Imran Khan during his visit to China starting from November 2, 2018, sources close to Secretary Foreign Affairs told Business R
Published 29 Oct, 2018 12:00am
Chinese keenly await PM Khan's arrival

Chinese keenly await PM Khan's arrival

Prime Minister's Office (PMO) has reportedly approved four Chinese Ministers/businesspersons for meeting with Prime Minister Imran Khan during his visit to China starting from November 2, 2018, sources close to Secretary Foreign Affairs told Business R
Published 29 Oct, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee, somehow, managed to recover some grounds against the dollar during the week, ended on Oct 27, 2018. The rupee gained Rs 1.35 in terms of the dollar for buying and selling at Rs 132.45 and Rs 132.50.
Published 29 Oct, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee, somehow, managed to recover some grounds against the dollar during the week, ended on Oct 27, 2018. The rupee gained Rs 1.35 in terms of the dollar for buying and selling at Rs 132.45 and Rs 132.50.
Published 29 Oct, 2018 12:00am
Pakistan confirms Baradar's release

Pakistan confirms Baradar's release

Pakistan embassy in Kabul on Sunday confirmed the release of Mullah Abdul Ghani Baradar, the co-founder of the Taliban movement and Mullah Abdul Samad Sani, also called Samad Sani, a Taliban commander. According to local Afghan media, the news was shared
Published 29 Oct, 2018 12:00am
Pakistan confirms Baradar's release

Pakistan confirms Baradar's release

Pakistan embassy in Kabul on Sunday confirmed the release of Mullah Abdul Ghani Baradar, the co-founder of the Taliban movement and Mullah Abdul Samad Sani, also called Samad Sani, a Taliban commander. According to local Afghan media, the news was shared
Published 29 Oct, 2018 12:00am
PM launches 'Pakistan Citizens' Portal'

PM launches 'Pakistan Citizens' Portal'

In a landmark first ever move in country's history, Prime Minister Imran Khan on Sunday launched Pakistan Citizens' Portal (PCP) - set up at Prime Minister Secretariat with an aim to 'timely address the problems of the people and get their feedback'. The
Published 29 Oct, 2018 12:00am
PM launches 'Pakistan Citizens' Portal'

PM launches 'Pakistan Citizens' Portal'

In a landmark first ever move in country's history, Prime Minister Imran Khan on Sunday launched Pakistan Citizens' Portal (PCP) - set up at Prime Minister Secretariat with an aim to 'timely address the problems of the people and get their feedback'. The
Published 29 Oct, 2018 12:00am
Babar, Shadab help Pakistan whitewash Australia

Babar, Shadab help Pakistan whitewash Australia

Opener Babar Azam struck a half-century and leg-spinner Shadab Khan claimed three wickets as Pakistan secured a 3-0 T20 series whitewash over Australia with a 33-run victory in Dubai on Sunday. Azam's 40-ball 50 lifted Pakistan to another challenging tota
Published 29 Oct, 2018 12:00am
Babar, Shadab help Pakistan whitewash Australia

Babar, Shadab help Pakistan whitewash Australia

Opener Babar Azam struck a half-century and leg-spinner Shadab Khan claimed three wickets as Pakistan secured a 3-0 T20 series whitewash over Australia with a 33-run victory in Dubai on Sunday. Azam's 40-ball 50 lifted Pakistan to another challenging tota
Published 29 Oct, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (October 28, 2018) and the forecast for Monday (October 29, 2018).

Published 29 Oct, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 22 to 26, 2018).

Published 29 Oct, 2018 12:00am
WAPDA retain Women Volleyball Championship

WAPDA retain Women Volleyball Championship

Pakistan WAPDA retained the trophy of the 14th National Women Volleyball Championship for fourteenth times in a row after defeating Pakistan Army 3-1 in thrilling final played here at PSB Coaching Center on Sunday. Apart from losing the only match in the
Published 29 Oct, 2018 12:00am
Warner walk-off after 'hurtful sledge by Phil Hughes' brother'

Warner walk-off after 'hurtful sledge by Phil Hughes' brother'

David Warner walked off mid-innings in a Sydney grade game after "hurtful" comments from the brother of ex-Test teammate Phillip Hughes, who died in 2014 after being hit by a ball, his wife claimed Sunday. The former Australia vice-captain, who is serving
Published 29 Oct, 2018 12:00am
Elina Svitolina wins WTA Finals in Singapore

Elina Svitolina wins WTA Finals in Singapore

An unwavering Elina Svitolina claimed the biggest title of her career with a gritty comeback victory against Sloane Stephens at the season-ending WTA Finals in Singapore. The Ukrainian once again dug deep to triumph 3-6, 6-2, 6-2 in two hours and 23 minut
Published 29 Oct, 2018 12:00am
Federer claims 99th ATP title with Basel triumph

Federer claims 99th ATP title with Basel triumph

Roger Federer battled to claim his 99th career ATP Tour title on Sunday, rallying to defeat Romanian qualifier Marius Copil 7-6 (7/5), 6-4 in the Swiss Indoors final at Basel. The top seed claimed his ninth trophy at his home event as he overcame an inspi
Published 29 Oct, 2018 12:00am
All Pakistan final of World Scrabble tomorrow

All Pakistan final of World Scrabble tomorrow

The all Pakistan final of World Scrabble Championship will be played tomorrow at Torquay, England, says a message received here on Sunday. In division A Nigel Richards of New Zealand Beat Paul Allan 2-0, Brett Smitheram beat Paul Galle 2-1, Jesse day beat
Published 29 Oct, 2018 12:00am
Chelsea hit Burnley for four

Chelsea hit Burnley for four

Chelsea proved their Premier League title credentials even without the injured Eden Hazard as goals from Alvaro Morata, Ross Barkley, Willian and Ruben Loftus-Cheek sealed a comfortable 4-0 victory at struggling Burnley to climb into second, two points be
Published 29 Oct, 2018 12:00am
Palace halt Arsenal's winning run

Palace halt Arsenal's winning run

Arsenal's 11-match winning run came to a dramatic end as Luka Milivojevic's late penalty rescued Crystal Palace in a contentious 2-2 draw on Sunday. Unai Emery's side failed to win a 12th successive match in all competitions as they fell short of the club
Published 29 Oct, 2018 12:00am
Suarez hits hat-trick as Barcelona blow away Madrid

Suarez hits hat-trick as Barcelona blow away Madrid

Barcelona ran riot in the Clasico on Sunday as Luis Suarez scored the hat-trick that will surely spell the end of Julen Lopetegui's spell as Real Madrid coach. Barcelona were 5-1 winners at the Camp Nou, dominant for all-but a 15-minute spell after half-t
Published 29 Oct, 2018 12:00am
SK Hynix posts record Q3 profit as chip outlook dims
Currency

SK Hynix posts record Q3 profit as chip outlook dims

South Korea's SK Hynix Inc posted record third-quarter operating profit on Thursday despite softer chip prices, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand. The world's No.2 memory chipmaker said July-
Published 29 Oct, 2018 12:00am
SK Hynix posts record Q3 profit as chip outlook dims
Currency

SK Hynix posts record Q3 profit as chip outlook dims

South Korea's SK Hynix Inc posted record third-quarter operating profit on Thursday despite softer chip prices, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand. The world's No.2 memory chipmaker said July-
Published 29 Oct, 2018 12:00am
Musk says LA Hyperloop tunnel to be unveiled December 10

Musk says LA Hyperloop tunnel to be unveiled December 10

Elon Musk's Hyperloop ultra high-speed transport system will be unveiled in Los Angeles in early December with free test rides to the publicc, the entrepreneur announced "The first tunnel is almost done," Musk said on Twitter late Sunday night. "Opens Dec
Published 29 Oct, 2018 12:00am
Australia's AMP sells insurance businesses for $2.3 billion

Australia's AMP sells insurance businesses for $2.3 billion

Australia's AMP announced Thursday the sale of its insurance businesses to Resolution Life for AU$3.3 billion (US$2.3 billion) as the financial services giant restructures following a misconduct scandal. AMP said the sale of the insurance arms in Australi
Published 29 Oct, 2018 12:00am
Ireland unveils Airbnb curbs to ease housing crunch

Ireland unveils Airbnb curbs to ease housing crunch

Ireland announced plans Thursday to reign in popular short-term rental services such as Airbnb in a bid to address a historic housing shortage. The regulations - slated to take effect in June 2019 - would enforce a "one host, one home" rule in areas of hi
Published 29 Oct, 2018 12:00am
Ford third-quarter profit beats estimates

Ford third-quarter profit beats estimates

Ford Motor Co on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours. Profit was down as
Published 29 Oct, 2018 12:00am
Ford third-quarter profit beats estimates

Ford third-quarter profit beats estimates

Ford Motor Co on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours. Profit was down as
Published 29 Oct, 2018 12:00am
Bulgaria plans small fiscal deficit in 2019, boosts wages
Currency

Bulgaria plans small fiscal deficit in 2019, boosts wages

Bulgaria's centre-right government approved a 2019 budget draft on Sunday with a fiscal deficit of 0.5 percent of economic output, earmarking more funds for public wages, education and European Union-backed projects. The Balkan country plans to boost spen
Published 29 Oct, 2018 12:00am
Eurozone not prepared enough to face new crisis: French Minister

Eurozone not prepared enough to face new crisis: French Minister

There is no risk of contagion from Italy's budget crisis in the European Union but the euro zone is not prepared enough to face a new economic crisis, French Finance Minister Bruno Le Maire told daily Le Parisien on Sunday. The European Commission rejecte
Published 29 Oct, 2018 12:00am
Zambia to look at rebasing economy size in 2019

Zambia to look at rebasing economy size in 2019

Zambia said on Sunday it would set aside funds aimed at rebasing the size of its economy in 2019, the latest African nation to take a route that typically inflates the size of its gross domestic product. "We need a clear picture on the size of the Zambian
Published 29 Oct, 2018 12:00am
Qatar easing of exit visa system comes into force

Qatar easing of exit visa system comes into force

Long-awaited reform of Qatar's controversial exit visa system, which requires foreign workers to obtain their bosses' permission to leave the country, came into force onn Sunday, the government said "Law No. 13 of 2018... regulating the entry, exit and re
Published 29 Oct, 2018 12:00am
Fitch upgrades Cyprus to BBB-, investment-grade rating

Fitch upgrades Cyprus to BBB-, investment-grade rating

Fitch upgraded Cyprus's credit ratings to BBB- from BB+, the second ratings agency in the space of little over a month to pull the island back into investment grade territory after a bailout in 2013. The outlook was stable, Fitch said in a news release on
Published 29 Oct, 2018 12:00am
Fitch upgrades Cyprus to BBB-, investment-grade rating

Fitch upgrades Cyprus to BBB-, investment-grade rating

Fitch upgraded Cyprus's credit ratings to BBB- from BB+, the second ratings agency in the space of little over a month to pull the island back into investment grade territory after a bailout in 2013. The outlook was stable, Fitch said in a news release on
Published 29 Oct, 2018 12:00am
German consumer confidence stable

German consumer confidence stable

German consumer morale is expected to hold steady in November despite mounting concern over a hard Brexit and trade tensions, a key survey showed Friday. A forward-looking monthly barometer by pollsters GfK stood at 10.6 points for November, unchanged fro
Published 29 Oct, 2018 12:00am
Restaurant Brands profit misses as Burger King fails to deliver

Restaurant Brands profit misses as Burger King fails to deliver

Restaurant Brands International Inc's quarterly profit fell short of analysts' estimates on Wednesday as its Burger King unit struggled in a fiercely competitive US market and sales growth at Tim Hortons cafes remained sluggish.
Published 29 Oct, 2018 12:00am
Restaurant Brands profit misses as Burger King fails to deliver

Restaurant Brands profit misses as Burger King fails to deliver

Restaurant Brands International Inc's quarterly profit fell short of analysts' estimates on Wednesday as its Burger King unit struggled in a fiercely competitive US market and sales growth at Tim Hortons cafes remained sluggish.
Published 29 Oct, 2018 12:00am
Norwegian Air hit with rising costs due higher fuel prices

Norwegian Air hit with rising costs due higher fuel prices

Budget airline Norwegian Air said its unit cost has increased due to higher fuel prices as it posted a third-quarter pre-tax result that lagged forecasts on Thursday. Europe's third-largest budget carrier by passenger numbers is trying to crack the transa
Published 29 Oct, 2018 12:00am
Draghi sees 'common sense' keeping eurozone afloat

Draghi sees 'common sense' keeping eurozone afloat

European Central Bank President Mario Draghi played down Thursday an Italian budget clash with Brussels and confirmed the institution's plan to end crisis-fighting stimulus, seeing no need to respond to heightened risks threatening the eurozone.
Published 29 Oct, 2018 12:00am
French growth to recover in second half of 2018

French growth to recover in second half of 2018

French economic growth is set to pick up in the second half of the year but will struggle to meet the government's growth target, the INSEE stats agency forecast on Thursday. The euro zone's second-biggest economy is on course for growth this year of 1.6
Published 29 Oct, 2018 12:00am
German government moves to head off city diesel bans

German government moves to head off city diesel bans

The German government stepped up efforts Wednesday to thwart court-ordered diesel bans over high pollution levels in urban centres, as voter anger mounts over emissions cheating by the industry. A renewed focus on air quality in the wake of Volkswagen's 2
Published 29 Oct, 2018 12:00am
Rolls-Royce hit by delay to engine for new Airbus jet

Rolls-Royce hit by delay to engine for new Airbus jet

British aero-engine maker Rolls-Royce said on Friday it would deliver fewer Trent 7000 engines this year than initially expected due to production problems, hitting both its shares and those of major customer Airbus.
Published 29 Oct, 2018 12:00am
US sees promise in Zimbabwe economic moves

US sees promise in Zimbabwe economic moves

The top US diplomat for Africa on Tuesday voiced optimism over economic reforms by the new government in Zimbabwe, which remains under sanctions dating from Robert Mugabe's 37-year reign. Tibor Nagy, the assistant secretary of state for African affairs, s
Published 29 Oct, 2018 12:00am
Intel bucks chip industry woes; powered by PCs, iPhones
Currency

Intel bucks chip industry woes; powered by PCs, iPhones

Intel Corp beat analysts' estimates for quarterly profit and revenue on Thursday, driven by its high-margin data center business and strong demand for its PC chips, sending its shares up as much as 6.0 percent in extended trading.
Published 29 Oct, 2018 12:00am
Plastics pollution enters human food chain: study

Plastics pollution enters human food chain: study

Bits of plastic have been detected in the faeces of people in Europe, Russia and Japan, according to research claiming to show for the first time the widespread presence of plastics in the human food chain. All eight volunteers in a small pilot study were
Published 29 Oct, 2018 12:00am
China's drought losses predicted to soar as planet warms

China's drought losses predicted to soar as planet warms

Economic losses caused by drought in China will rocket to tens of billions of dollars per year if global warming breaches the limits set by governments in a 2015 agreement to tackle climate change, scientists said. Under the Paris climate pact, almost 200
Published 29 Oct, 2018 12:00am
Will eating organic food lower risk of cancer?

Will eating organic food lower risk of cancer?

A new, much-ballyhooed study showing that the most avid consumers of organic food had fewer cancers than those who never eat such products illustrates the difficulty of establishing cause and effect when evaluating diet and health. It is effectively impos
Published 29 Oct, 2018 12:00am
Millions with high blood sugar face TB risk

Millions with high blood sugar face TB risk

Millions of people with high blood sugar may be at greater risk of tuberculosis than previously thought, scientists said Friday, warning that diabetes and TB could combine to create the "perfect storm" of disease.
Published 29 Oct, 2018 12:00am
Snapcrap app steps in to take on public poop

Snapcrap app steps in to take on public poop

A freshly launched Snapcrap app is out to turn San Francisco smartphhone users into poop-spotters The free mobile app invites people to share location-tagged pictures of public piles of poo with city works crews whose job it is to clean it up.
Published 29 Oct, 2018 12:00am
GSMA announces first speakers for Mobile 360 Series MENA

GSMA announces first speakers for Mobile 360 Series MENA

The GSMA Oct 24 announced the first speakers for its Mobile 360 Series MENA (Middle East and North Africa) conference taking place on the 26-27 November 2018 in Dubai. The two-day event, which is now in its sixth year, will take place as a standalone even
Published 29 Oct, 2018 12:00am
Google parent Alphabet keeps ad growth in mixed quarter

Google parent Alphabet keeps ad growth in mixed quarter

Google parent Alphabet said Thursday its third-quarter profit rose 36 percent to $9.2 billion, fueled by gains in digital advertising delivered online and on smartphones. Profits were better than expected for the US technology giant, while revenues fell s
Published 29 Oct, 2018 12:00am
Google parent Alphabet keeps ad growth in mixed quarter

Google parent Alphabet keeps ad growth in mixed quarter

Google parent Alphabet said Thursday its third-quarter profit rose 36 percent to $9.2 billion, fueled by gains in digital advertising delivered online and on smartphones. Profits were better than expected for the US technology giant, while revenues fell s
Published 29 Oct, 2018 12:00am
Facebook simplifies Messenger app

Facebook simplifies Messenger app

Facebook on Oct 23 announced an overhaul of its Messenger smartphone app in an effort to simplify the service for its 1.3 billion monthly global users. The social network began rolling out a redesigned version featuring three tabs instead of nine, saying
Published 29 Oct, 2018 12:00am
Apple offers iPhones ranging from $450 to $1,100

Apple offers iPhones ranging from $450 to $1,100

Apple's new iPhone XR has most of the features found in the top-of-the-line iPhone XS Max, but not its $1,100 price tag. The XR offers the right trade-offs for just $750. For something cheaper, you'll need to look in the iPhone history bin. Older models a
Published 29 Oct, 2018 12:00am
Qantas Q1 revenue climbs to record

Qantas Q1 revenue climbs to record

Australia's Qantas Airways Ltd on Thursday reported record revenue for a first quarter, as higher airfares and its strategy of keeping a lid on capacity helped offset a climb in oil prices. The results put the country's flagship carrier on track to delive
Published 29 Oct, 2018 12:00am
Qantas Q1 revenue climbs to record

Qantas Q1 revenue climbs to record

Australia's Qantas Airways Ltd on Thursday reported record revenue for a first quarter, as higher airfares and its strategy of keeping a lid on capacity helped offset a climb in oil prices. The results put the country's flagship carrier on track to delive
Published 29 Oct, 2018 12:00am
Two Saudi banks report double-digit Q3 profit growth

Two Saudi banks report double-digit Q3 profit growth

Al Rajhi Bank and Saudi British Bank, two of Saudi Arabia's largest banks, reported double-digit third-quarter profit growth on Wednesday, broadly in line with forecasts. Al Rajhi Bank, the kingdom's second-largest lender by assets, reported a 13.6 percen
Published 29 Oct, 2018 12:00am
Two Saudi banks report double-digit Q3 profit growth

Two Saudi banks report double-digit Q3 profit growth

Al Rajhi Bank and Saudi British Bank, two of Saudi Arabia's largest banks, reported double-digit third-quarter profit growth on Wednesday, broadly in line with forecasts. Al Rajhi Bank, the kingdom's second-largest lender by assets, reported a 13.6 percen
Published 29 Oct, 2018 12:00am
Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank on Wednesday said that it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership. Germany's flagship lender is trying to bounce back from thr
Published 29 Oct, 2018 12:00am
Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank on Wednesday said that it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership. Germany's flagship lender is trying to bounce back from thr
Published 29 Oct, 2018 12:00am
Xerox falls short on revenue

Xerox falls short on revenue

Xerox Corp, engaged in a tense standoff with Fujifilm Holdings Corp over an aborted merger, missed analysts' estimates for quarterly revenue on Tuesday, as corporates cut back spending on printers and photocopiers. In the first full quarter under new mana
Published 29 Oct, 2018 12:00am
Xerox falls short on revenue

Xerox falls short on revenue

Xerox Corp, engaged in a tense standoff with Fujifilm Holdings Corp over an aborted merger, missed analysts' estimates for quarterly revenue on Tuesday, as corporates cut back spending on printers and photocopiers. In the first full quarter under new mana
Published 29 Oct, 2018 12:00am
Halliburton Co's Q3 profit edges past estimates

Halliburton Co's Q3 profit edges past estimates

Oilfield services provider Halliburton Co's third-quarter profit edged past analysts' estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions.
Published 29 Oct, 2018 12:00am
Halliburton Co's Q3 profit edges past estimates

Halliburton Co's Q3 profit edges past estimates

Oilfield services provider Halliburton Co's third-quarter profit edged past analysts' estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions.
Published 29 Oct, 2018 12:00am
Verizon beats Wall Street estimates for profit

Verizon beats Wall Street estimates for profit

Verizon Communications Inc on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc's latest iPhones. The largest US wireless carrier knocked up to $750 off th
Published 29 Oct, 2018 12:00am
Verizon beats Wall Street estimates for profit

Verizon beats Wall Street estimates for profit

Verizon Communications Inc on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc's latest iPhones. The largest US wireless carrier knocked up to $750 off th
Published 29 Oct, 2018 12:00am
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